Sunday, September 28, 2008

The Housing Bubble Summarized

The housing bubble and resulting mortgage crisis summarized in a single picture:

Hat tip: The Mess That Greenspan Made

1 comment:

  1. Bringing true wisdom forward:

    Nonsense. While its true that the Govt will soon own wall street, no way they will stay in DC.

    As soon as the Govt buys wall st, they will pack up their bags and move to Palos Verdes - the true center of the universe - you know we have Raytheon out here right?

    It is at that point I will swoop in, graphs in hand, and buy my Arlington ped-a-terre for pennies on the dollar. Cest la vie...

    Got Bacon?

    (I'm a fan of Sizzle-Lien!)